HomeFinanceLiberty Mutual Renters Insurance Review 2022: What to Know

Liberty Mutual Renters Insurance Review 2022: What to Know

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One of the nation’s largest insurers, Liberty Mutual provides normal renters protection with some customizable choices. Liberty Mutual’s user-friendly web site and app make it simple for shoppers to discover the proper protection for his or her wants.

Liberty Mutual renters insurance coverage professionals and cons

How Liberty Mutual renters insurance coverage charges

Liberty Mutual renters insurance coverage earned 4 out of 5 stars for total efficiency. NerdWallet’s rankings are decided by our editorial staff. The renters insurance coverage scoring formulation takes into consideration coverage protection choices and reductions, ease of submitting a declare, web site transparency, the monetary energy of the corporate, grievance knowledge from the National Association of Insurance Commissioners and extra.

State availability

Liberty Mutual renters insurance coverage is out there nationwide.

» MORE: The finest renters insurance coverage firms

Liberty Mutual renters insurance coverage protection

Landlords generally require tenants to buy a coverage with a minimal quantity of renters legal responsibility insurance coverage, however in any other case, the protection you select is mostly up to you. Below are the 4 kinds of protection included in most traditional renters insurance policies:

For extra particulars, see what renters insurance coverage is and what it covers.

Liberty Mutual additionally provides a number of customizable protection choices:

  • Blanket jewellery protection, to exchange your jewellery if it’s misplaced or stolen, no deductible or appraisal required.
  • Earthquake protection, for residents who reside in areas which have frequent earthquakes. This protection consists of injury brought on by aftershocks up to 360 hours after the preliminary earthquake.
  • Replacement price protection, for reimbursement of a coated loss.
  • Identity theft protection, to cowl your wages and lawyer charges and to assist you monitor your credit score within the occasion that your identification is compromised.

» MORE: The finest low-cost renters insurance coverage

Discounts

Depending on the place you reside, you could be eligible for the next reductions:

  • Multi-policy low cost.
  • Autopay low cost.
  • Online buy low cost, if you are going to buy your coverage utilizing the Liberty Mutual web site.
  • Claims-free low cost, when you haven’t filed a declare for not less than 5 years together with your earlier insurer.
  • Early shopper low cost, when you get a quote from Liberty Mutual earlier than your present coverage ends.

» MORE: The common price of renters insurance coverage in each state

Consumer complaints

Liberty Mutual acquired shut to the anticipated variety of house insurance coverage complaints to state regulators relative to its measurement, in accordance to three years’ price of knowledge from the National Association of Insurance Commissioners. (NAIC house insurance coverage complaints additionally cowl different house coverage sorts, together with cell house, renters and rental insurance coverage.)

Consumer expertise

Website: Liberty Mutual’s web site is straightforward to use and provides a web based quote device. You can even use the web site to buy and handle your coverage, file and monitor a declare, and discover an insurance coverage agent close to you.

App: Liberty Mutual’s cell app is out there for Android and iOS. You can use the app to file a declare, make a cost, entry your protection particulars and examine your digital ID card.

Renters insurance coverage shopping for information

Before you examine renters insurance coverage firms, collect key data such because the deal with of the rental and any security and safety features the unit has.

You also needs to determine how a lot protection you want. Take a fast stock of your belongings: How a lot wouldn’t it price you to exchange them? Include all furnishings, digital gadgets, clothes, jewellery and home items. This whole is the minimal quantity of private property insurance coverage it is best to have.

Your legal responsibility restrict must be excessive sufficient to cowl your internet price, whereas your deductible must be an quantity you’d really feel comfy paying in an emergency.

When evaluating renters insurance coverage quotes, ensure every charge estimate consists of the identical protection limits and deductibles so you recognize you’re getting a good comparability. While it’s tempting to purchase the most cost effective coverage, you may additionally need to learn opinions of your most well-liked firm to ensure it provides good customer support.

» MORE: Liberty Mutual house insurance coverage evaluation

How to file a renters insurance coverage declare

File as quickly because it’s secure. The sooner you report a theft or injury to your own home, the earlier your insurer can assign an adjuster and begin engaged on paying out your declare. Some firms allow you to file claims on-line or by their app, whereas in different circumstances you could have to name your agent or insurer as a substitute. Have your coverage quantity useful.

Document the injury. Bolster your declare by taking images or video of all injury. If one thing was stolen, report it to the police earlier than you contact your insurance coverage firm. Your insurer could ask for a replica of their report.

Prevent additional injury. After you’ve taken photos of every little thing damaged or destroyed, take steps to stop extra injury, equivalent to placing a tarp over a damaged window to shield your belongings inside. Keep receipts for any provides you purchase, as your insurer could reimburse you later.

Frequently requested questions

How can I contact Liberty Mutual?

You can name Liberty Mutual customer support at 1-844-629-8984.

What different kinds of insurance coverage does Liberty Mutual provide?

In addition to renters insurance coverage, Liberty Mutual provides many different kinds of insurance policies, together with however not restricted to:

  • Auto.
  • Flood.
  • Boat and watercraft.
  • Mobile house.

Other renters insurance coverage firms to take into account

Not prepared to decide? You could also be eager about these different renters insurance coverage firms:

Renters insurance coverage rankings methodology

NerdWallet’s renters insurance coverage rankings reward firms for customer-first options and practices. Ratings are based mostly on weighted averages of scores in a number of classes, together with monetary energy, shopper complaints, protection choices, reductions, on-line expertise and extra. Our “ease of use” class appears to be like at components equivalent to web site transparency and the way simple it’s to file a declare. These rankings are a information, however we encourage you to store round and examine a number of insurance coverage quotes to discover the most effective charge for you. NerdWallet doesn’t obtain compensation for any opinions. Read our editorial pointers.

Insurer complaints methodology

NerdWallet examined complaints acquired by state insurance coverage regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers examine to each other, the NAIC calculates a grievance index every year for every subsidiary, measuring its share of whole complaints relative to its measurement, or share of whole premiums within the trade. To consider an organization’s grievance historical past, NerdWallet calculated an analogous index for every insurer, weighted by market shares of every subsidiary, over the three-year interval. Ratios are decided individually for auto, house (together with renters and rental) and life insurance coverage.

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